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Registered number: 11540213
Mvest Limited
Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11540213
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 431 983
Investment Properties 5 270,000 270,000
270,431 270,983
CURRENT ASSETS
Debtors 6 2,868 2,868
Cash at bank and in hand 53,582 51,273
56,450 54,141
Creditors: Amounts Falling Due Within One Year 7 (87,489 ) (88,065 )
NET CURRENT ASSETS (LIABILITIES) (31,039 ) (33,924 )
TOTAL ASSETS LESS CURRENT LIABILITIES 239,392 237,059
Creditors: Amounts Falling Due After More Than One Year 8 (184,497 ) (189,230 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (82 ) (186 )
NET ASSETS 54,813 47,643
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 11 4,950 4,950
Profit and Loss Account 49,763 42,593
SHAREHOLDERS' FUNDS 54,813 47,643
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Munday
Director
6 November 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mvest Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11540213 . The registered office is 3 Lancer House, Hussar Court, Waterlooville, PO7 7SE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery over 5 years
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
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Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2024 3,197
As at 31 August 2025 3,197
Depreciation
As at 1 September 2024 2,214
Provided during the period 552
As at 31 August 2025 2,766
Net Book Value
As at 31 August 2025 431
As at 1 September 2024 983
5. Investment Property
2025
£
Fair Value
As at 1 September 2024 and 31 August 2025 270,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,868 2,868
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 3,780 2,830
Other creditors 80,000 82,025
Taxation and social security 3,709 3,210
87,489 88,065
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 184,497 189,230
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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Page 5
10. Directors Advances, Credits and Guarantees
Loans from Directors:
As at 1 September 2024 Amounts advanced Amounts repaid Amounts written off As at 31 August 2025
£ £ £ £ £
Mr Stephen Munday 11,795 - 500 - 12,295
Ms Elaine Munday 65,000 - - - 65,000
11. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 September 2024 4,950 42,593
Profit for the year and total comprehensive income - 7,670
Dividends paid - (500)
As at 31 August 2025 4,950 49,763
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